0
General

SLT records highest ever quarterly profits

Monday 20 May 2019 | 14:10 CET | News
Sri Lanka's SLT Group reported a record net profit for Q1 of LKR 2.20 billion after a remarkable 86.8 percent year-on-year growth. The results were largely driven by healthy revenue growth coupled with cost control initiatives. Profits were further backed by LKR 172 million Forex gain reported during the quarter, in contrast to the profits negated by LKR 294 million Forex losses during the same quarter in the year before.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Countries: Sri Lanka
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Fitch revises SLT outlook to negative, expects negative free cash flow for 2019/20

Published 08 Jan 2020 08:55 CET | Sri Lanka
Fitch Ratings has revised the Outlook on Sri Lanka Telecom's National Long-Term Rating to Negative from Stable and affirmed the ...

SLT, Huawei to power government's Digital Sri Lanka projects

Published 09 Jul 2019 09:12 CET | Sri Lanka
Sri Lanka Telecom (SLT) has signed a partnership agreement with Huawei Technologies Lanka. This partnership covers the Colombo ...

SLT revamps Regional Telecommunication Office in Nuwara Eliya

Published 09 Jul 2019 08:08 CET | Sri Lanka
Sri Lanka Telecom (SLT) has revamped its Regional Telecommunication Office (RTO) in Nuwara Eliya. The redesigned office includes ...

SLT launches smart city project in Polonnaruwa

Published 29 May 2019 07:58 CET | Sri Lanka
Sri Lanka Telecom has launched a smart city project in Polonnaruwa. Sri Lanka Telecom and its mobile unit Mobitel plan to invest ...

Sri Lanka Telecom revenue up 8% to LKR 81 bln in 2018

Published 04 Mar 2019 11:51 CET | Sri Lanka
Sri Lanka Telecom (SLT) saw its revenue grow 7.53 percent year-on-year to LKR 81.44 billion in 2018. The growth was reported in ...

Sri Lanka Telecom's 9-month profit jumps nearly 24%

Published 16 Nov 2018 12:37 CET | Sri Lanka
Sri Lanka Telecom saw its group net profit after tax grow 23.4 percent year-on-year to LKR 3.99 billion for the nine months ended ...

SLT Group's H1 profit jumps 13.5%, revenue up 5.5%

Published 12 Aug 2018 07:19 CET | Sri Lanka
Sri Lanka Telecom (SLT) Group posted consolidated revenue of LKR 39.4 billion for the six months ended 30 June 2018, which ...

SLT Group Q1 EBITDA grows 8.5%, profit plunges 19%

Published 16 May 2018 15:05 CET | Sri Lanka
Sri Lanka Telecom (SLT) reported EBITDA of LKR 6.1 billion for the first quarter of 2018, which represents a year-on-year growth ...





Calendar   /   Industry Events

01 Mar Zoom Video Communications Q4
01 Mar Liberty LatAm Q4 results
01 Mar Switch Q4 2020
01 Mar Boingo Q4
01 Mar Ooma Q4
01 Mar Inseego Q4
01 Mar TIM Brasil investors day
01 Mar Embedded World Digital
02 Mar HPE fiscal Q1
02 Mar FuboTV Q4 2020
03 Mar Vivendi Q4 2020
03 Mar Avast FY results
03 Mar Marvell Technology fiscal Q4
04 Mar Broadcom fiscal Q1
04 Mar MTS Q4 2020
04 Mar Ciena fiscal Q1
04 Mar Inwit Q4 2020
04 Mar Telesat Q4
05 Mar Vonage Investor Day
::: More Calendar Items